Greenberg Traurig, LLP (LexBlog United Kingdom)

The EU Listing Act and UK Prospectus Reform are two different legislative reforms with a common goal: making public capital markets in the UK and EU more accessible and attractive for companies of all sizes, including small- and medium-sized enterprises, seeking to raise capital and list on a stock exchange by reducing the costs and...

The EU Listing Act and UK Prospectus Reform are two different legislative reforms with a common goal: making public capital markets in the UK and EU more accessible and attractive for companies of all sizes, including small- and medium-sized enterprises, seeking to raise capital and list on a stock exchange by reducing the costs and...

Global law firm Greenberg Traurig, LLP expanded its Data Privacy & Cybersecurity Practice with the addition of Elizabeth (Liz) Harding as shareholder, based in the Denver office. Harding helps clients protect and responsibly commercialize their data assets. She is licensed to practice in Colorado and the United Kingdom and focuses her cross-border practice on advising organizations on their...

NEW YORK – Feb. 20, 2024 – 62 attorneys from global law firm Greenberg Traurig, LLP are recognized in the 2024 edition of the prestigious legal services directory Chambers Global. The global guide also recognized the firm in 26 practice areas across 10 regions. Chambers and Partners, a UK–based publisher, selects attorneys for inclusion in its guides based on...

To modernise the restructuring toolkit available to special administrators, the UK government has introduced changes to the English special administration regime (SAR)1 for distressed water companies. The changes follow reports of significant stress in the water services sector. Continue reading the full GT Alert.

This 5 Trends piece covers sanctions, the Insolvency & Companies Court boom, the Economic Crime and Corporate Transparency Act 2023, AI in dispute resolution, and litigation related to ESG regulation.

This 5 Trends piece covers non-financial misconduct, the Senior Managers and Certification Regime, FCA investigations and Upper Tribunal proceedings, motor finance, and FCA Sustainability Disclosure Requirements.

This 5 Trends piece covers non-financial misconduct, the Senior Managers and Certification Regime, FCA investigations and Upper Tribunal proceedings, motor finance, and FCA Sustainability Disclosure Requirements.

The UK government is seeking views on proposals to make certain data in respect of ‘contractual control’ interests in land (rights of pre-emption, options, conditional contracts) publicly available. The Contractual Controls on Land Consultation which opened on 24 January 2024 and follows the 2020 Call for Evidence, is part of the government’s plan to increase transparency around contractual...

‘Tis the season for giving, and the recent UK Supreme Court decision in R (on the application of Palmer) v Northern Derbyshire Magistrates’ Court and another [2023] UKSC 38 is a welcome gift to insolvency practitioners. The Supreme Court held that an administrator of a company appointed under the Insolvency Act 1986 is not an officer of...

On 11 December 2023, His Majesty’s Government (HMG) announced that it will create a new unit – the Office of Trade Sanctions Implementation (OTSI) within the Department for Business and Trade (DBT) to improve the implementation and enforcement of trade controls and sanctions, including those against Russia. Continue reading the full GT Alert.

In a judgment handed down on 6 October, a UK Court of Appeal (the Court) provided an obiter, or non-binding, ruling expanding the scope of ‘control’ under Regulation 7(4) of the Russia (Sanctions) (EU Exit) Regulations 2019 (the Regulations). Continue reading the full GT Alert.

On 31 August 2023 the UK’s Office of Financial Sanctions Implementation (OFSI) issued a “Disclosure” against Wise Payments Limited, a UK-registered company, regulated by the Financial Conduct Authority, for breaching Regulation 12 of The Russia (Sanctions) (EU Exit) Regulations 2019 by making funds available to a company owned or controlled by a designated person. Continue...

Digital assets are an increasingly important part of modern society. That was the conclusion the UK Law Commission reached in its final report on digital assets that was published recently following a year-long consultation. In addition, the Law Commission observes that the flexibility of common law allows for the development of a distinct category of...

On 11 August 2023, the UK Department for Business and Trade issued a General Licence authorising the provision of legal advice in relation to sanctions imposed by any jurisdiction. As discussed in our June 2023 GT Alert, the UK Government banned the provision of legal advisory services to non-UK persons in relation to certain financial or...

Digital assets are an increasingly important part of modern society. That was the conclusion the UK Law Commission reached in its final report on digital assets that was published recently following a year-long consultation. In addition, the Law Commission observes that the flexibility of common law allows for the development of a distinct category of...

HM Treasury announced 26 July that the UK’s Office of Financial Sanctions Implementation (OFSI) has amended Section 6.12, Refusal of a licence, of its UK Financial Sanctions, General Guidance, removing the option to “ask OFSI to review the decision” in circumstances where OFSI refuses to issue a licence. A licence is a formal authorisation provided by OFSI enabling...

These sanctions have been revealed following an announcement by the leaders of the G7 at this week’s G7 summit where they pledged to take action against Russia and as far as possible restrict its revenue and ability to continue the war against Ukraine.

The UK’s Financial Conduct Authority (FCA) released a Discussion Paper (DP23/2: Updating and improving the UK regime for asset management) in February 2023 which recognises that, as a consequence of Brexit, it is time to consider what the shape of the UK’s asset management regulatory regime will take in the future. Click here to continue reading the...

The UK’s Financial Conduct Authority (FCA) released a Discussion Paper (DP23/2: Updating and improving the UK regime for asset management) in February 2023 which recognises that, as a consequence of Brexit, it is time to consider what the shape of the UK’s asset management regulatory regime will take in the future. Click here to continue reading the...

The UK announced a further round of sanctions and trade measures on 24 February 2023 to coincide with the first anniversary of Russia’s invasion of Ukraine. The new measures would reportedly prohibit the export of every item Russia has been found to use on the battlefield to date.  Click here to continue reading the full GT Alert.

1. Non-financial misconduct – FCA guidance expected It is anticipated that in 2023 the Financial Conduct Authority (FCA) will provide further guidance on the increasingly uncertain question of what kinds of “non-financial misconduct” may be relevant to an assessment of a regulated individual’s “fitness and propriety”. “Fitness and propriety” is the keystone test for whether...

1. Non-financial misconduct – FCA guidance expected It is anticipated that in 2023 the Financial Conduct Authority (FCA) will provide further guidance on the increasingly uncertain question of what kinds of “non-financial misconduct” may be relevant to an assessment of a regulated individual’s “fitness and propriety”. “Fitness and propriety” is the keystone test for whether...

On Oct. 18, 2022, the UK Information Commissioner’s Office (ICO) updated its “Guidance on Direct Marketing Using Electronic Mail,” providing refreshed FAQs regarding what constitutes electronic mail marketing, related rules and responsibilities, and miscellaneous clarifications to compliance questions such as “are tracking pixels covered by the electronic mail marketing rules?” (Short answer:...

On Oct. 18, 2022, the UK Information Commissioner’s Office (ICO) updated its “Guidance on Direct Marketing Using Electronic Mail,” providing refreshed FAQs regarding what constitutes electronic mail marketing, related rules and responsibilities, and miscellaneous clarifications to compliance questions such as “are tracking pixels covered by the electronic mail marketing rules?” (Short answer:...

In BTI 2014 LLC v. Sequana S.A. [2022] UKSC 25 (Sequana) the UK’s highest court, the Supreme Court (the Court), has considered for the first time the circumstances in which directors are required to consider the interests of creditors in carrying out their fiduciary duty to act in good faith in the interests of the company. Continue reading...

The United Kingdom and United States announced in a joint statement on 17 October a new strategy to cooperate and collaborate further on economic sanctions implementation and enforcement. Continue reading the full GT Alert.

On 30 September the UK announced a series of significant additional sanctions in response to Russia’s illegal annexations in Ukraine following internationally condemned sham referendums. The latest sanctions will prohibit the provision of IT consultancy, architecture, engineering, advertising, auditing and certain transactional legal advisory services by UK persons or entities to Russia, a move...

Co-authored by London Associate Tina Kang. The UK Office of Financial Sanctions Implementation (OFSI) announced on 27 September that it imposed a £30,000 penalty on UK company Hong Kong International Wine and Spirits Competition Ltd (HK Wine & Spirits) for breaching UK financial sanctions regulations. This is the second monetary penalty OFSI imposed this year, following...

The UK Appointed Representative Regime (ARR) enables certain businesses – Appointed Representatives (ARs) – to conduct UK-regulated activities without having to be authorised by the Financial Conduct Authority (FCA). Instead, a fully authorised firm (a Principal) accepts responsibility for the AR’s actions and compliance with regulatory requirements. This has proven a popular arrangement,...